Solar Panel Cost Guide in Lebanon, NH (2025 Update)
- Lebanon Solar Installation Cost: $15,252
- 25-Year Savings: $16,882
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Lebanon
Find out what the average cost of installing solar panels is in Lebanon.
In Lebanon, solar panels cost about 4 per watt on average.The average Lebanon homeowner needs a 5.2-kilowatt system, which would cost about $15,252 with the federal tax credit, or $21,810 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy usage and what solar installer you go with.With average savings of about $20,000 on utility bills over 20 years, many homeowners in Lebanon find going solar can be quite rewarding.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Lebanon
| Year | Return on Investment |
|---|---|
| 1 years | $-13,855 |
| 3 years | $-11,061 |
| 5 years | $-8,267 |
| 7 years | $-5,473 |
| 9 years | $-2,679 |
| 11 years | $115 |
| 13 years | $2,909 |
| 15 years | $5,703 |
| 17 years | $8,497 |
| 19 years | $11,291 |
| 21 years | $14,085 |
| 23 years | $16,879 |
| 25 years | $19,673 |
Top Solar Installers in Lebanon
Installing solar panels by yourself can be a stressful undertaking, which is why using a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Lebanon
Factors that Affect Solar Panel Costs in Lebanon
There are several factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $4,220. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Lebanon, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.Although solar loans make switching to solar energy more accessible for Lebanon homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Lebanon, and each can charge different amounts for labor and equipment.Additionally, some companies in Lebanon have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.39 | $18,433 | $13,407 | 14.5 years |
| 8 kW | $4.30 | $24,105 | $18,349 | 14.2 years |
| 10 kW | $4.22 | $29,540 | $23,527 | 13.9 years |
| 12 kW | $4.14 | $34,739 | $28,942 | 13.6 years |
| 14 kW | $4.05 | $39,702 | $34,593 | 13.4 years |
| 16 kW | $3.97 | $44,428 | $40,480 | 13.1 years |
| 18 kW | $3.88 | $48,918 | $46,603 | 12.8 years |
| 20 kW | $3.80 | $53,172 | $52,963 | 12.5 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
EcoWatch's Lebanon, NH Solar Cost FAQs
How much does it cost to install solar panels in Lebanon?
The average cost of solar panels in Lebanon is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Lebanon, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.